The cloud-based PLM market size is estimated to grow from USD 18.65 billion in 2016 to USD 40.55 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 16.80% from 2016 to 2021. The cloud-based PLM market is driven by factors such as increased adoption of cloud technology by Small and Medium Enterprises (SMEs) and the enterprises inclination toward improved design review & increased resource utilization.

“Portfolio Management is expected to have the largest market share during the forecast period”

Portfolio Management application is expected to have the largest market share during the forecast period. The application enables the decision makers to ensure that they are working on right innovation with right resources and strategies throughout the product lifecycle. It also helps in optimizing the resources by better planning and facilitating resources and financial constraints.

“North America is expected to have the largest share of the market, whereas Asia-Pacific (APAC) is projected with the highest growth rate”

North America is expected to hold the largest market share in 2016, while APAC is the fastest-growing in terms of CAGR. Factors such as improving IT infrastructure, growing internet penetration, and increasing number of connected devices are supporting the growth of the cloud-based PLM market in APAC.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below as:

By Company Type: Tier 1 – 18%, Tier 2 – 31%, and Tier 3 – 51%

By Designation: C level – 42%, Director level – 33%, Others – 25%

By Region: North America – 47%, Europe – 31%, APAC – 14%, ROW- 8%

PLM as a platform, team collaboration, and customer-relationship management are some of the upcoming trends in the cloud-based PLM market. Cloud-based PLM has enabled rapid product development and eased the coordination between partners and suppliers across different geographical locations. The increasing demand for cloud-based PLM application among SMEs has further enhanced the demand for it across many verticals.

The various key cloud-based PLM vendors and service providers profiled in the report are as follows:

Dassault Systemes (France)

Siemens AG (Germany)

PTC Inc. (U.S.)

Oracle Corporation (U.S.)

SAP SE (Germany)

Autodesk, Inc.(U.S.)

Arena Solutions, Inc. (U.S.)

Aras (U.S.)

Infor (U.S.)

Accenture PLC (U.S.)

Objectives of the study:

To define, describe, and forecast the global cloud-based PLM market on the basis of applications, organization size, industry verticals, and region

Figure 1 Global Cloud Based PLM Market : Research DesignFigure 2 Market Size Estimation Methodology: Bottom-Up ApproachFigure 3 Market Size Estimation Methodology: Top-Down ApproachFigure 4 Market Breakdown and Data TriangulationFigure 5 AssumptionsFigure 6 LimitationsFigure 7 The Demand for Cloud Based PLM Market is Increasing in SME Segment During the Forecast PeriodFigure 8 Customer Management Application is Expected to Grow During the Forecast PeriodFigure 9 Retail and Consumer Good Vertical has High Demand for PLM and is Expected to Grow During the Forecast PeriodFigure 10 North America is Expected to Lead the Cloud Based PLM Market Followed By EuropeFigure 11 Emergence of PLM-As-A-Platform Can Be the Major Opportunity for the Market to GrowFigure 12 Customer Management Application is Expected to Witness the Highest Growth Rate During the Forecast PeriodFigure 13 Large Enterprise is Projected to Have the Largest Market ShareFigure 14 Aerospace and Defense Account for the Highest Share in Na Cloud Based PLM Market and APAC is Expected to Grow With the Highest CAGRFigure 15 Market: EvolutionFigure 16 Market Segmentation: By SolutionFigure 17 Market Segmentation: By Organization SizeFigure 18 Market Segmentation: By Industry VerticalFigure 19 Market Segmentation: By RegionFigure 20 Cloud-Based PLM Market: Drivers, Restraints, Opportunities, and ChallengesFigure 21 Value Chain: MarketFigure 22 Functions of PLMFigure 23 Strategic Benchmarking: MarketFigure 24 Customer Management is Expected to Gain Traction Due to the Increasing Demand for Cloud ServicesFigure 25 Small and Medium Enterprises are Expected to Grow With the Highest CAGR During the Forecast PeriodFigure 26 Retail and Consumer Goods Vertical is Expected to Dominate the Cloud Services Brokerage and Enablement MarketFigure 27 MEA is Expected to Show Highest Growth in the Market Due to Increasing Cloud Adoption and IoT AdoptionFigure 28 APAC and Middle East and Africa Show Signs of Major Market Introduction in the Coming YearsFigure 29 North America Market SnapshotFigure 30 Asia-Pacific Market SnapshotFigure 31 Companies Adopted the Strategy of New Product Launches as the Key Growth Strategy From 2013 to 2016Figure 32 Product Portfolio Comparison of the Top Five CompaniesFigure 33 Market Evaluation FrameworkFigure 34 Battle for Market Share: the Strategy of New Product Launches Was the Key Strategy Adopted By Key Players in Cloud-Based PLM Market During 2014–2016Figure 35 Geographic Revenue Mix of Top Five Market PlayersFigure 36 Dassault Systèmes: Company SnapshotFigure 37 Dassault Systèmes: SWOT AnalysisFigure 38 Siemens AG: Company SnapshotFigure 39 Siemens AG: SWOT AnalysisFigure 40 PTC, Inc.: SWOT AnalysisFigure 41 Oracle Corporation: Company SnapshotFigure 42 Oracle Corporation: SWOT AnalysisFigure 43 SAP SE: Company SnapshotFigure 44 SAP SE: SWOT AnalysisFigure 45 Autodesk, Inc.: Company SnapshotFigure 46 Accenture PLC: Company SanpshotFigure 47 Infor, Inc.:Company Snapshot

Published By:
MarketsandMarketsProduct Code:
MarketsandMarkets3713

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